Tapinator Inc (TAPM)

[stockinvestor01]

What concerns me is that they released a PR last week stating that they no longer have any debt. However, if you read today's Edgar filing they converted that convertible debt into preferred B series shares.

"Convertible debenture and Series A Preferred Stock both issued on June 28, 2016 were exchanged for shares of Series B Preferred Stock. No new cash was paid."
https://ih.advfn.com/p.php?pid=nmona&article=76929931

I really don't know how that's necessarily beneficial to the company. Whether it's a convertible debenture or convertible preferreds, what's the difference?

My concern is, how many common shares are these Series B preferreds convertible into?

Dilution seems to be their only way to raise funds at the moment. They don't seem to be sustaining on revenue from products alone. I wonder how much longer they are going to continue to dilute? Hopefully, the dilution has stopped at this point. Who knows?